What Term Is Used for the Fact That People Tend

question 11

Multiple Choice

What term is used for the fact that people tend to follow the lead taken by the most senior person in the decision- making process?

• A) Champion's bias
• B) Horn's effect
• C) Sunflower syndrome
• D) Halo effect

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Definitions:

Interest

The cost of borrowing money or the payment received for the investment of money, typically expressed as a percentage of the principal.

Maturity Value

Maturity Value is the amount payable to an investor at the maturity date of a financial instrument, typically including the principal and the interest.

Note Receivable

A written promise to pay a specified amount, usually interest-bearing, that is recognized as an asset on the lender's balance sheet.

Promissory Notes

Written promises to pay a specified sum of money to a certain person or entity at a defined time or on demand.